topic Re: 👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation? in Retirement

👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation?

Anonymous — Mon, 05 Jun 2023 10:13:06 GMT

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What would you TELL the YOUNGSTERS out there about retirement? 🤔

Thanks, Nicole 👴👵 (Retirement Forum)

Re: 👴👵 What Retirement WISDOM Do You Have For The YOUNGER Generation?

nctarheel — Tue, 25 Apr 2023 04:04:12 GMT

Here's my suggestions:

(1) Consider government work as it is one of the last vestiges of employers that have defined retirement pensions.

(2) Work for the required amount of years to earn full benefits.

(3) Work for government agencies that enable you to contribute to the Social Security system in addition to your pension plan.

(4) Many government employers will also pay for your health benefits in retirement up until the time you qualify for Medicare.

(5) Move to a state that doesn't tax retirement benefits.

Re: 👴👵 What Retirement WISDOM Do You Have For The YOUNGER Generation?

Anonymous — Wed, 07 Jun 2023 00:32:50 GMT

WE "appreciate" you stopping by @nctarheel !!!! ‌💃‌🥳, Nicole 🙃

▶️@nctarheel wrote:

Here's my suggestions:

(1) Consider government work as it is one of the last vestiges of employers that have defined retirement pensions.
(2) Work for the required amount of years to earn full benefits.
(3) Work for government agencies that enable you to contribute to the Social Security system in addition to your pension plan.
(4) Many government employers will also pay for your health benefits in retirement up until the time you qualify for Medicare.
(5) Move to a state that doesn't tax retirement benefits.◀️

Re: 👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation?

kevinm322 — Sun, 20 Aug 2023 22:45:41 GMT

Save what you can when you can. Enjoy your family and friends, but be careful not to overspend. be careful work doesn’t ruin your health or take a toll on your family by working too many hours. This one isn’t original but affects me, unless you want to hear eeeeeeee 24/7 where hearing protection when around loud noises

Re: 👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation?

DirkB349973 — Sat, 29 Jun 2024 22:31:21 GMT

Lots of good information here. I would add that if any company you work for offers a 401k or Roth 401k match, contribute enough to get their entire match. Don't leave free money on the table. Start contributing as soon as you can, even if you are young and retirement seems far off. Also, avoid borrowing from your retirement if possible.

Re: 👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation?

WebWiseWoman — Wed, 12 Feb 2025 04:39:38 GMT

Wait, wait, wait as long as you can! Retirement is truly BORING after the first couple of months.

The only thing I enjoy is not being enslaved to the alarm clock (I can't tell you how not hearing that screeching thing each and every morning is one of the happiest things in my life, immediately following the births of my three amazing, beautiful daughters, meeting their wonderful spouses, and the births of my g-kiddos).

Re: 👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation?

WebWiseWoman — Wed, 12 Feb 2025 13:06:50 GMT

That would be the $10K invested in one of my companies that went bankrupt, before retirement fund protections went into effect. ROI = $0.00

Re: 👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation?

lewilmot — Fri, 16 May 2025 03:35:33 GMT

First, I'd recommend they leave their egos at the door. AARP works to provide diverse benefits from pre-retirement to newly retired to more seasoned retirees. Use them! Save money, get memberships and points, learn the most important information EARLY for your future, travel, keep Healthcare, etc. It's unlimited. Go!